Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.

TSX:BK - Post by User

Canadian Banc Corp > Banks start reporting next week

<< Previous

Bullboard Posts

Next >>

Comment by deisman03on Aug 18, 2024 11:15pm

67 Views

Post# 36185361

RE:RE:RE:Banks start reporting next week

IMHO, not nearly as safe, and you could lose a substantial amount of your capital doing so.

Some feel it's safe but paying the distribution and losing the capitol doesn't make sense for me.

GLTA the good folks here.

<< Previous

Bullboard Posts

Next >>

Osisko Development receives permits for Cariboo Gold Project